ETH Analysis ETH is bouncing from the local support of $2400-$2480. If ETH breaks this level the next support zone is $2200-$2230 area. The last major support zone is $1850-$1920. The major resistance for ETH is $2880-$2910 area and ETH needs to break and hold above this level to turn bullish again. If you are looking for a new position then place your orders in...
Here is the analysis of MATIC. MATIC is rejected from the resistance zone and also from the uptrend channel upper line resistance. MATIC broke the uptrend channel in the downward direction. MATIC is near all-time and increased drastically in the last few months. Also if you see the market cap it is $12 Billion and MATIC rank is 10 among all cryptocurrencies. So...
BTC Update So far $36,000 working as good support and the long wicks showing buyers are eagerly buying below the $35,000 area. The next resistance zone for BTC is $38,500-$39,300 zone and after that the $42,000 major resistance area. We will see some accumulation below $40,000 before going up. The FUDs are well absorbed by the market and buyers defend the...
Here is the analysis of XRP. XRP bounced from the liquidity area and rejected from the 4-hour resistance area. The case with SEC is still ongoing and we will see a bounce in XRP if the result comes positive. If you are looking to open a new position in XRP, you can open near $1.1 with a stop loss of below $1. Don't forget the stop loss. Resistance zones are given...
BTC Update: Finally, Some bullish thing happen. BTC closes the daily candle at $40,506, which is above the daily 200 MA. The daily 200 MA is broken only for a single candle and immediately reclaimed, making it a fakeout. Also, the big wick to $30,000 confirms that BTC hit the bottom, and institutions and whales bought BTC below $35,000. BTC is bullish as long as...
OCEAN is now at the major support zone of $1 and we expecting a good bounce from there. OCEAN team is continually working on the developments and adoptions of the project. BTC is also looked bottomed out and we expecting a good bounce. OCEAN BTC pair is undergoing a lot of accumulation and will see a breakout soon. Buy zone: $1.03 - $1.07 Target: $1.16 - $1.26...
XRP forms a symmetric triangle on the 4-hour chart and is now heading towards the upper resistance line of the triangle. We expecting a retest of the lower support line of the triangle. XRP will move in the triangle for the next few candles before the breakout. If you want to build a position in XRP place your orders in the $1.35 - $1.4 range and wait. The target...
BTC break the support zone of $46,000-$47,000 and tested the key level of $42,000. BTC should hold above $42,000 also there is a lot of big buy orders in the range of $38,000 - $42,000 which means bulls are ready to defend these levels at any cost. Elon Musk is pumping and dumping the market just with one tweet. Soon the market will stop reacting to Musk's tweets...
XTZ is now at the horizontal support area and also respecting the uptrend line. If you missed entry in XTZ earlier you can build your position here for the mid-term. Tezos has one of the most active teams in the crypto community. Buy Zone: $5.8 - $5.9 Target: $6.4 - $6.9 - $7.6 - $8.2 - $8.95 - $9.7 - $10.3 - $11.4
Fantom is a DeFi project and we see some good moments in large DeFi coins. The second wave of DeFi coins is here. Fantom is doing very good work on the partnerships and adoption of the project. FTM is now trading in the uptrend channel and now at the support line. This is a good time to build your position before it takes off. Buy Zone: $0.752 - $0.755 Target:...
BTC Quick Update Bitcoin bounced back from the uptrend line. There is no need to panic the market is going perfectly. BTC is forming an ascending triangle which is a bullish pattern. The major resistance level to break and hold is $59,200 and this time we will see a good breakout with volume. The market is shaking weak hands before a big rally.
Bitcoin Update Bitcoin able to claim the daily 50 MA and retested it. A daily candle close above $59,200 is highly bullish. The daily 50 MA now behaves as support which is around $56,800. This is the last major resistance zone and after that, we have small resistance areas of $61,500 and $63,600. We will see a breakout of the $59,200 resistance zone in the next...
KAVA/USDT forming a symmetrical triangle pattern. KAVA also break the long downtrend and now ready for the triangle breakout. KAVA is launching the KAVA SWAP soon. Bitcoin breakout is confirmed and ETH is also pumping, this is a good sign for alts and we see a good move in alts soon. This is a good time to build your position in KAVA. Buy Zone : $6.25 -...
COTI is forming a symmetric triangle and on the edge of a breakout. COTI is the same project as PayPal/Alipay but with blockchain power and minimum fee. There is a lot of developments and partnerships going on. The COTI team is working on the adoption of the COTI pay. COTI has very big news coming in second-quarter incldu\ing the mainnet launch, debit cards, and...
LIT is bouncing from the demand zone and there are a lot of buyers in this area. The wicks show the price rejection and heavy buying. Now we will see a good bounce in LIT from these levels. Good time to build your position. Buy Zone: $8.4 - $8.55 Target: $9.3 - $9.9 - $11.15 - $12.66 - $14.3 - 15.8
There is a lot of accumulation is going on in SFP. SafePal is a hardware wallet project and getting a lot of orders worldwide. Binance is one of the investors in SafePal. We will see a huge rally in SFP after it breaks the $3.5 resistance zone. If you missed 1INCH don't miss SFP. Buy Zone: $2.55 - $2.65 (add more in dips) Target: $2.93 - $3.28 - $3.48 - $3.84...
The ocean is forming a symmetric triangle on a 4-hour chart and the tringle is now tightening up and ready for a breakout. The breakout will open the targets for a new all-time high. Buy Zone: $1.33 - $1.4 Target: $1.55 - $1.72 - $1.87 - $1.99 - $2.18 - $2.37 - $2.55 - $2.85
ETH BTC broke the weekly resistance of 0.055 in a single candle. The FOMO is real and it pushes the price higher. The next resistance area is 0.064-0.065 and ETH already rejected from there. A weekly candle close above the 0.055 area is highly bullish and opens up the targets for 0.08. Hope you guys holding your ETH bags.